Chen, Ren-Raw; Lin, Hsuan-Chu; Long, Michael S. - In: Advances in Pacific basin business, economics and finance, (pp. 77-103). 2018
Myopic going concern practice refers to the current audit going concern opinion that a firm is rewarded a favorable going concern opinion as long as it has the capability to satisfy its debt obligation in the following year. We show, via a structural agency problem we develop in the paper, that...